Texas Insurance Code 912.059 – Amendment to Bylaws
Current as of: 2024 | Check for updates
|
Other versions
(a) A majority of the members of a county mutual insurance company, either in person or by proxy when ratified by the board of directors, may amend the company’s bylaws at a regular meeting or at a special meeting called for that purpose.
(b) Notice of a regular or special meeting at which an amendment to the bylaws will be considered must be mailed or delivered personally to each member.
Terms Used In Texas Insurance Code 912.059
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) An amendment to the bylaws is not effective until approved by the commissioner as meeting the requirements of this chapter.